Tuesday, December 20, 2011

The Bank of Canada has introduced a new Money design look for the public coming soon in 2012 - 2013. The Bank of Canada has released a picture of the $100 design look.

The new $100 bill features a picture of Sir Robert Borden, who was the Prime Minister from 1911 and 1920. The back of the bill celebrates innovation in medical research, including the Canadian discovery of insulin, which is used to treat diabetes.

The new “bank notes” (or bills) are better for the environment than paper bills because they will last more than twice as long. They are also more secure, meaning that they cannot be easily copied or “counterfeited” by criminals.

The $100 bill has a few interesting security features. For instance, there is a transparent window in the bill. The window has a holograph in it which can be seen from either side.

The new $100 bills are able to be recycled, after their lifespan as ended, into other products.

The Bank of Canada is also introducing a new $50 bill in March 2012. A new $20 bill will begin circulating in late 2012, followed by $10 and $5 notes in 2013.

On the front of a Canadian dollar bill, there is usually the face of a previous Prime Minister. On the back of a bill, there is often a symbol of Canada (such as the loon) or an image showing an important part of Canadian history (such as the invention of insulin).In your opinion, what images should be on the back of the new $5, $10 and $20 bills?